Minister Morneau Talks Affordability and Middle Class Jobs with G7 Partners
“In Canada, we’re seeing encouraging signs that investing in the middle class works: record low unemployment and poverty, more than a million new jobs, and wages rising faster than inflation. Still, the concerns I hear from Canadians — whether it’s about finding and keeping a good job, or being able to save enough for the future — are issues that impact people around the world. We need to work together to make sure that everyone has a real and fair chance to succeed, and I look forward to speaking with my international colleagues about how we can best do that.”
- Bill Morneau, Minister of Finance
The G7 brings together Canada, France, Germany, Italy, Japan, the United Kingdom, the United States and the European Union.
The G7 is a forum for frank and open discussions among leaders, ministers and policy-makers. As a member of the G7, Canada plays a leading role on the international stage and is able to promote and deliver on domestic and international priorities.
Canada is expected to be the second-fastest-growing G7 economy in 2019, according to the International Monetary Fund, and to tie as the fastest-growing G7 economy in 2020.
Canada has the lowest net debt-to-GDP ratio among G7 countries.
Under the Government’s plan, hard-working Canadians have created over 1 million new jobs, most of them full-time, driving the unemployment rate to its lowest levels in more than 40 years. This includes especially strong employment gains by women.
Between 2015 and 2017, the poverty rate fell by more than 20% to 9.5%, representing approximately 825,000 fewer Canadians living in poverty. With a poverty rate of 9.5% in 2017, Canada has reached its lowest poverty rate in history.
During Canada’s G7 presidency in 2018, a key priority was to address barriers and improve the quality of life for girls and women.
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Office of the Minister of Finance
Department of Finance Canada
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